Collins (Taiwan) Odds of Future Stock Price Finishing Under 19.35
| 2906 Stock | TWD 21.70 0.15 0.69% |
Collins |
Collins Target Price Odds to finish below 19.35
The tendency of Collins Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to NT$ 19.35 or more in 90 days |
| 21.70 | 90 days | 19.35 | about 20.21 |
Based on a normal probability distribution, the odds of Collins to drop to NT$ 19.35 or more in 90 days from now is about 20.21 (This Collins Co probability density function shows the probability of Collins Stock to fall within a particular range of prices over 90 days) . Probability of Collins price to stay between NT$ 19.35 and its current price of NT$21.7 at the end of the 90-day period is about 78.52 .
Assuming the 90 days trading horizon Collins Co has a beta of -0.05. This suggests as returns on the benchmark increase, returns on holding Collins are expected to decrease at a much lower rate. During a bear market, however, Collins Co is likely to outperform the market. Additionally Collins Co has an alpha of 0.162, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Collins Price Density |
| Price |
Predictive Modules for Collins
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Collins. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Collins' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Collins Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Collins is not an exception. The market had few large corrections towards the Collins' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Collins Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Collins within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.16 | |
β | Beta against NYSE Composite | -0.05 | |
σ | Overall volatility | 0.75 | |
Ir | Information ratio | 0.05 |
Collins Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Collins for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Collins can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Collins Co has accumulated about 769.48 M in cash with (76.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.68. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Collins Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Collins Stock often depends not only on the future outlook of the current and potential Collins' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Collins' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 209.1 M |
Collins Technical Analysis
Collins' future price can be derived by breaking down and analyzing its technical indicators over time. Collins Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Collins Co. In general, you should focus on analyzing Collins Stock price patterns and their correlations with different microeconomic environments and drivers.
Collins Predictive Forecast Models
Collins' time-series forecasting models is one of many Collins' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Collins' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Collins
Checking the ongoing alerts about Collins for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Collins help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Collins Co has accumulated about 769.48 M in cash with (76.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.68. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Check out Collins Backtesting, Collins Valuation, Collins Correlation, Collins Hype Analysis, Collins Volatility, Collins History as well as Collins Performance. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Collins Stock analysis
When running Collins' price analysis, check to measure Collins' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Collins is operating at the current time. Most of Collins' value examination focuses on studying past and present price action to predict the probability of Collins' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Collins' price. Additionally, you may evaluate how the addition of Collins to your portfolios can decrease your overall portfolio volatility.
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| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |